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Serbia

Commercial, corporate and M&A

Recent highlights for Gecic Lawâs team include advising Ĺ˝elezara Smederevo and the government on the âŹ46m sale, via public tender, of Ĺ˝elezara Smederevoâs assets to Hebei Iron and Steel (now Hesteel Group). Special counsel Jelena AdamoviÄ and Nikola AksiÄ, who is âmeticulous and easy to work withâ, are the practice heads. Name partner Bogdan Gecic is âan excellent lawyerâ.

Competition

Gecic Law âstands out for its knowledge of EU lawâ. The team represented Ĺ˝elezara Smederevo in state aid proceedings pertaining to its restructuring, and acted for the same client in the first parallel state aid case in the steel sector under the EU Association Agreement, which was heard before authorities in Brussels and Serbia. Managing partner Bogdan Gecic is âan excellent negotiatorâ.

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On March 1, 2017, the amendments to the ICC Rules entered into force. Among different changes, maybe the most noticeable ones relate to the introduction of the Expedited Procedure Rules (hereinafter: the Rules), now contained in the new Article 30 of the ICC Rules and the new Appendix VI.

The Regulation on Terms and Conditions for Attracting Direct Investments (âOfficial Gazette of the Republic of Serbiaâ, no. 110/2016) has come into force on 1 January 2017. The Regulation introduces certain changes in regards to public invitation, grounds and conditions for the allocation of funds in respect of the investment projects.

The Law on Amendments to the Law on Value Added Tax (hereinafter: Law on VAT), the Law on Amendments to the Law on Tax Procedure and Tax Administration (hereinafter: Law on Tax Procedure), and the Law on amendments to the Law on Excise Duties (hereinafter: Law on Excise Duties) were published in the Official Gazette of the Republic of Serbia no. 108/2016 of 29 December 2016. All laws came into force on 1 January 2017, however, certain provisions will begin to apply at a later date, as outlined below, for every law individually.

The Regulation on Terms and Conditions for Attracting Direct Investments (âOfficial Gazette of the Republic of Serbiaâ, no. 110/2016) has come into force on 1 January 2017. The Regulation introduces certain changes in regards to public invitation, grounds and conditions for the allocation of funds in respect of the investment projects.

One of the biggest and most popular Internet companies, LinkedIn, has become the first target of the recent Russian data localization law. The legislation requires businesses operating online to keep Russian Internet usersâ data on servers located within Russia.

The Criminal Code ( Official Gazette of RS, no. 85/2005, 72/2009, 111/2009, 121/2012, 104/2013, 108/2014 and 94/2016; Code was amended on 23 November 2016. Most of the new provisions of the Code will enter into force as of 1 June 2017.Â

The speakers will be Jennifer Barnard, Special FBI Agent, who will speak of FCPA investigations in the region and practical aspects of cooperation between U.S. Department of Justice and local authorities, Roger Burlingame, attorney at law and partner at Kobre &amp; Kim Law Office< , London, and Nenad Stankovic, attorney at law and senior partner at Law Office Stankovic and Partners, Belgrade.

The New Merger Control Regulation, governing the content and the manner of submitting merger filings to the Serbian Competition Commission, entered into force today, 2 February 2016. The new Regulation represents a modern legal document, fully aligned with the relevant EU acquis, and willÂ significantly facilitate the merger filing process to the benefit of the applicants, as well as the overall efficiency of the Competition Commission.